Waste Connections (NYSE:WCN) Given New $210.00 Price Target at Jefferies Financial Group

Waste Connections (NYSE:WCN) had its price target lowered by analysts at Jefferies Financial Group from $225.00 to $210.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 12.28% from the company’s previous close.

WCN has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup lifted their target price on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley lifted their price target on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, CIBC decreased their price target on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.06.

Waste Connections Price Performance

Waste Connections stock traded up $6.39 during midday trading on Thursday, reaching $187.03. The company’s stock had a trading volume of 240,157 shares, compared to its average volume of 885,710. Waste Connections has a 52 week low of $153.07 and a 52 week high of $194.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $180.11 and a 200-day moving average price of $180.91. The stock has a market cap of $48.27 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in shares of Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after acquiring an additional 1,453,733 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after acquiring an additional 1,022,851 shares during the period. National Bank of Canada FI grew its holdings in shares of Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after acquiring an additional 699,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Waste Connections by 44.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after acquiring an additional 602,055 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Waste Connections by 199.4% in the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock worth $105,727,000 after acquiring an additional 393,763 shares during the period. Institutional investors own 86.09% of the company’s stock.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.